BLOCKCHAIN DICTIONARY

Token

July 9, 2020
Definition

A token is a non-mineable blockchain digital currency. Unlike coins, which are generated in the process of adding data to a cryptocurrency blockchain (mining), anyone can make their own token to trade on a blockchain network. Tokens can represent a wide range of digital or physical assets.

Did you know?

Some tokens represent a physical asset. WePower’s token (WPR) represents a defined amount of electricity that users can buy and sell.

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